Conoco Phillips: Labour Abuses and Market Capitalisation

conoco phillips: However, the LSE has refused to remove big polluting companies or the security company G4S despite allegations of systematic labour abuses across the world, according to The Guardian. At its latest semi-annual review earlier this month, FTSE Russell added the world's 13th and 15th largest oil companies by market capitalisation, Rosneft and Conoco Phillips, to the FTSE4Good index. The FTSE4Good indices, run by the London Stock Exchange Group's FTSE Russell subsidiary, are marketed to investors interested in environmental, social and governance ESG issues. Rosneft Oil, Russia's state oil company, produced 1.9bn barrels of oil in 2018. Other new inclusions were Marathon Oil Corporation, a US company which produced 153m barrels in 2018. Conoco Phillips produced 468m in the same period. (news.financializer.com). As reported in the news.

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